Most logbook loan lenders allow you to secure a loan on a range of vehicles, including motorbikes. To get the right motorcycle logbook loan you should:

  • Check how much your motorbike is worth: Logbook lenders normally only let you borrow up to 50% of the value of your motorbike.

  • Decide how much you need to borrow: Keep your loan as small as you can because the more you borrow, the more interest you have to pay. Loans are currently available for sums between 250 and 50,000.

  • Work out how long you need to pay back your loan: You can usually borrow over six months to five years. To save money in interest, choose the shortest time period that still keeps your monthly payments affordable.

  • Look for the lowest interest rate possible: All logbook loans are expensive but you could save hundreds of pounds by searching for the lowest rate using this comparison.

Are there any cheaper options?

Yes, logbook loans are expensive and will put your motorbike at risk so should only ever be your last resort.

Some cheaper potential alternatives could be:

Motorbike logbook loan FAQs

Q

Can I get a logbook loan using my scooter?

A

Yes, most logbook lenders allow you to use a scooter or moped, as long as it meets the valuation you need, normally double what you borrow.

Q

Can I get a logbook loan using my quad bike?

A

Yes, as long as your quad bike is worth at least twice the amount you want to borrow, you should be able to use it.

Q

How long does it take to apply for a logbook loan?

A

You can usually apply online and find out if your application has been approved within 24 hours.

Q

How much could I borrow?

A

Most lenders offer loans up to 50% of the value of your motorbike.

Q

Do I have to pass a credit check?

A

It depends on the lender you choose. Some do not run a credit check, but you will still need to show you can afford the loan.

Q

What is a bill of sale?

A

It is a legal document that transfers the ownership of your vehicle to the logbook lender, so they do not need a court order to take it away.

About our logbook loans comparison

Q

Who do we include in this comparison?

A

We include logbook loans from our panel of lenders. They are all regulated by the Financial Conduct Authority, satisfy our screening standards and do not pass your details to other lenders or brokers without your permission. Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.